Tomorrow morning, the U.S. stock market closes, which is the final deadline for the U.S.-Ukraine negotiations. The market’s current expectation is that negotiations will very likely fail, and geopolitical risk-aversion sentiment will continue to weigh on risk assets;

On Friday, the March CPI data will be released. If inflation comes in above expectations, rate-hike expectations will heat up again;

From a daily chart perspective, the 70,000 level is once again being capped, forming a pattern of increased volume with a stalled rise and a bearish candle with an upper shadow. This is a typical signal of weakening bullish momentum and stronger selling pressure;

1: As long as it does not break below 66.8K, the bulls will once again try to push higher, and once it holds above the break through the 70,000 level, it will look up toward 72K-73K before falling (blue line);

2: Tonight, it tests the previous high of 70,000 again, meets resistance, and then declines (red line);

Support levels below are viewed in sequence: 66.8K-65K-62.6K and the 60,000 level. If the price breaks below 66.8K, then the support at 65K, which has been tested multiple times, will weaken; the key is around 62.6K. $BTC $ETH